Housing Market Press Releases
November 2024 housing market overview: Sizable gains in listings and sales despite rate environment
(Nov. 14, 2024) – According to new data from the Minnesota state and Twin Cities metro REALTOR® Associations, which jointly provide a housing market overview each month, listings, sales, prices and inventory all rose in October.
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Affordability inches up alongside inventory while sales stabilize
“Buyers are pleased to have better affordability and more options to choose from,” said Amy Peterson, President of the Saint Paul Area Association of REALTORS®. “For the most part, sellers still hold the reigns in this market even with the additional inventory we’ve seen.”
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Buyer and seller activity down from last August, but lower rates on the way
$2,820. That’s what a homeowner would save per year if they purchased or refinanced the median-priced home in August compared to if they purchased it when rates were at their peak in late 2023.
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